Bench is America’s largest remote bookkeeping service for small businesses. They serve clients across the United States.
The company was formed in New York and has been in operation since 2002. They relocated to Vancouver, BC in 2013, and this is where all employees are based.
Bench is a software company offering bookkeeping solutions for small businesses.
They provide business owners with:
- a dedicated bookkeeping team
- powerful and easy-to-use financial reporting software
- monthly financial statements to help keep them on top of their finances
Bench is a tech-savvy bookkeeping service, and use their own intuitive software as well as an app to keep in touch with clients.
You can easily connect with them directly and ensure your financial records are up to date, as well as keeping in constant communication with your assigned bookkeeping team.
Bench Intro Video
Bench Bookkeeping Services
Preparing tax returns and balancing the books is a time consuming part of running a business. Bench takes the burden of managing the financials from small business owners at an affordable price.
Using their systems and a team of bookkeepers dedicated to each client, they take the financial reporting off your hands so you can use your time working on other areas of your business.
Bench uses their software and an account manager to prepare the financials for a business on a monthly basis. They prepare cash-basis, tax-ready income statements and balance sheets and provide ongoing support.
A simple 3-step plan for new customers:
- Set up a call to discuss your business and answer any questions you have.
- Bench prepares your financials for the first month for free so you can try their service and see how it works with your business before committing.
- Review the income statement with a member of their onboarding team and decide if you want to purchase an ongoing plan.
Bench Plans and Pricing
Bench has 5 main packages to choose from.
Each package comes with monthly cash-basis income statements and a balance sheet, as well as ongoing communication with the team. Plans include monthly bookkeeping for up to 15 financial accounts (e.g. bank accounts, credit cards, loans, merchant processors).
These plans range from $119 per month to $299 per month, billed annually. Rates are slightly higher for month-to-month billing.
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Which plan you need is based on your projected monthly expenses. They understand that every business has some individual needs and welcome anyone to contact them directly to discuss their financials and what package would be most suitable.
They also offer a free trial. This is for one month’s worth of bookkeeping, allowing you to give their service a try and get a feel for their software and processes.
Hiring a bookkeeper is one of the first additions many small businesses make.
Compared with hiring a freelance bookkeeper through a platform like FreeeUp, my contact at Bench stressed the advantages of a truly user-friendly setup without the guesswork of billable hours and unpredictable communication standards.
I think the one month free trial is a great opportunity to give Bench a try if you’re unsure of what to expect. If you have worked with Bench please leave some feedback below to help others with their decision.